General manager Ron Feinbaum says the biggest misconception about the giveaway is that it’s impossible to win. “We see so many social-media posts that say, ‘I’m going to enter again this year but I’ll never win,’” he explains. “And yet, real people win it every time: teachers, retirees, firefighters, postal workers.”
What is the HGTV Home Giveaway?
The HGTV Home Giveaway is basically this exact concept, only better, because it allows the viewer to fantasize about incurring none of the hassle of a home renovation but reaping all the droll-worthy Instagram likes.
What happens if you win the HGTV Dream Home sweepstakes?
Winning the HGTV Dream Home sweepstakes truly would be a dream, but believe it or not, some winners never actually move into the home. Emily Muniz won last year's grand prize: a custom-built home in Gig Harbor, Washington, $250,000 in cash to go toward property and income taxes, and a Honda Accord.
How much tax do HGTV prizes cost?
According to Vocativ 's breakdown, the tax liability on an HGTV prize worth $1,750,756 is $693,299. And that's just for the federal government. There are state and local income taxes, as well as real estate taxes that usually factor in the 1 percent of the value of the property range.
What happens to the winner of HGTV’s Big Lottery?
Whether the winner keeps the home, sells it or takes the cash, it’s a “life-changing experience,” a spokeswoman for HGTV told CNBC Make It in a statement. Of course, pretty much all big prize winners are going to face a significant tax bill.
What are the odds of winning the HGTV home Giveaway?
You'd be better off keeping that $60 in your pocket. Plus, just about every year, more HGTV Dream Home winners face more competition than the year before. By entering every day online, you bring your odds of winning from "impossible" to one in 1.36 million.
Does anyone actually win HGTV sweepstakes?
Dream Home winners receive prize packages including the house, cash, a car, and more totaling between one and three million dollars! Since its 1997 conception, the HGTV Dream Home Sweepstakes has since grown into one of America's biggest and most popular giveaways.
Who actually wins the HGTV dream homes?
Karey WolstenholmMeet the lucky winner of HGTV Dream Home 2022 in Warren, VT. A huge congratulations to Karey Wolstenholm of Overland Park, KS! She is the winner of the HGTV® Dream Home 2022 sweepstakes, a grand prize package valued at over $2.4 million.
How is HGTV winner chosen?
How Winner will be Determined: One (1) potential Grand Prize Winner (the “Grand Prize Winner”) will be selected in a random drawing from among all eligible entries received during the Promotion Period on approximately February 22, 2022, and will be contacted by phone or email.
How much do you pay in taxes if you win the HGTV Dream Home?
A: They will still owe the $950,000 income tax (federal and state) on the ARV. If they sold the DH for $1,900,000, then there would be no additional tax. Anything they sell the DH for over $1,900,000 (after selling costs) will be taxed as a short term capital gain at 35% federal and 8.25% state.
Has anyone ever lived in the HGTV Dream Home?
According to HGTV, only one of the first 10 Dream House winners has been able to hang on to their winnings. Just six of the first 21 winners actually lived in their new digs for more than a year. The longest “survivor,” the 1998 winner, kept her dream home in Florida for eight years before selling it.
Who won the HGTV house Giveaway 2020?
Congratulations to Susan O'Gorman of Perry, Georgia; she is the winner of the HGTV® Dream Home 2020 sweepstakes, a grand prize package valued at over $2 million dollars.
Who won the 2021 HGTV house?
Karey Wolstenholm of Overland Park, KS, is the Recipient of the Grand Prize Package Valued at over $2.4 Million Including a Home in Warrent, Vermont. Photos courtesy HGTV.
Has the HGTV winner been notified 2021?
Jeff, who lives outside of Austin with his girlfriend Jody, was happily shocked when designer Brian Patrick Flynn informed him that he was the lucky winner of the brand new, fully furnished home, along with $250,000 cash from Rocket Mortgage® and a 2021 motorhome from Camping World.
What happens if you win the HGTV Smart Home?
Prize: One (1) prospective Grand Prize Winner will receive the following: (i) one (1) home located in Wilmington, North Carolina (the “HGTV Smart Home 2022®”) that is featured on the Websites (including home furnishings, fixtures, artwork, and merchandise) (approximate retail value (“ARV”): $1,046,535; (ii) an All-New ...
Does David from HGTV drink?
In the report, Glasko made some shocking revelations as well. He alleged that David Bromstad was involved in illicit drugs and alcohol, leaving Glasko emotionally and financially exhausted.
Where is the next HGTV Dream Home 2021?
HGTV Dream Home 2021 is a stunning waterfront masterpiece in Newport, Rhode Island. Take a peek at this grand three-story home after the construction was complete and before the design team added layers of sophisticated furnishings and accessories.
How much did the 2011 Vermont ski in ski out lodge sell for?
The place sold for $2.7 million, more than a million less than the $3.8 million HGTV said it was worth.
Why do winners of Dream House contests have to sell their homes?
As it turns out, it’s not unusual for winners of contests like this to be forced to sell the properties because they can’t afford the income taxes, property taxes or even the upkeep. Even winners of home make-overs must often sell. According to HGTV, only one of the first 10 Dream House winners has been able to hang on to their winnings.
How long did the first 10 Dream House winners live in their new digs?
According to HGTV, only one of the first 10 Dream House winners has been able to hang on to their winnings. Just six of the first 21 winners actually lived in their new digs for more than a year. The longest “survivor,” the 1998 winner, kept her dream home in Florida for eight years before selling it. But after taking out a mortgage on the place ...
How much did the 2009 Manse house cost?
So three months after winning the Sonoma, Calif., manse, the winner sold it for $2.2 million. The buyer was the builder, who marked it up 10% and resold it.
How much did the 2008 winner of the Florida Keys sell for?
The 2008 winner would have had to pay sales tax of roughly $700,000 plus $20,000 more annually for property taxes, so she sold her new Florida Keys house for $1.65 million. But just 14 months later, her buyer listed it for sale $1.599 million. It took two more years to sell, and for only $899,000.
How much did the winner of the 2010 New Mexico House sell for?
The 2010 winner also took a big haircut when she sold the New Mexico house she won. She listed it for $1.195 million, only to sell it for $899,000.
Who won the 2019 HGTV Dream Home?
The 2019 winner, Beverly Fulkerson of Osgood, Ind., won a 3,650-square-foot Montana mountain retreat. Finally, last year’s HGTV Dream Home winner took home a 3,500-square-foot house valued at more than $2 million in Pittsburgh, Pa. There’s no word yet on how the last two winners are faring, but the moral of this story is still clear: ...
What Is the HGTV Dream Home Giveaway?
The HGTV Dream Home Giveaway is an annual sweepstakes from the Scripps Network's Home and Garden Television channel, which has run since 1997. Every year, HGTV uses a series of HGTV Dream Home television specials to showcase a gorgeous new home that their experts have built, then give it away.
How to Enter and Win the HGTV Dream Home Giveaway
If you want to know when the HGTV Dream Home Giveaway starts, look for an announcement toward the end of each year. Rules can change from year to year, but here are some tips on how it usually works.
How the HGTV Dream Home Is Built
HGTV's experts scour America for the right setting for each year's Dream Home. Previous year's homes have included beach getaways like the 2016 Dream Home in Merritt Island, Florida, a luxurious farmhouse in Sonoma, California, a mountain retreat in Stowe, Vermont, and many other dream locations.
What Do Dream Home Sweepstakes Winners Receive?
Each year's HGTV Dream Home Sweepstakes winner receives the home itself, all of the artwork and furnishings inside the home, a big cash prize, and a new vehicle. Sometimes, additional prizes, like a doggie dream homefor pets or a new boat for waterfront properties, are also included.
Take Note: Even If You Win the Dream Home, You Probably Won't Live In It
For many people who dream of winning the HGTV Dream Home, finding out that you probably won't be taking up residence in its luxurious halls is a disappointment.
Tour Previous HGTV Dream Homes
Want to know what the big deal about the HGTV Dream Homes is and why so many people want to win one of these amazing homes? Here are photo tours of many of the beautiful homes that have been given away so far:
How much is the house that Muniz turned down?
says the rep for HGTV. Currently, the home that Muniz turned down is on the market for $1.9 million, and she says she cannot wait to for someone to purchase it, because she believes anyone would be blessed to live there. "I'm extremely excited for the lucky family that gets to call it home," she says.
How many people have won Dream Homes?
The vast majority opt to accept the cash prize alternative or sell the home they've won. "Of the 21 people who've won Dream Homes over the years, only six, or about 28 percent, actually lived in their home for more than a year," the publication reports.
Who won the HGTV Dream Home?
Emily Muniz and her husband won the grand prize, valued at over $1.8 million in 2018. For many, winning the annual HGTV Dream Home giveaway would be just that, a dream. For Emily Muniz , it became a reality.
Where does Muniz live?
Still, Muniz, who lives in Nashville and works as the executive producer on a local morning show, never thought she would actually win the grand prize valued at over $1.8 million. Last year, it included a custom-built home in Gig Harbor, Washington, $250,000 cash to help with property and income taxes, and a Honda Accord.
Did Emily Muniz move to Nashville?
For Emily Muniz , it became a reality. But the Nashville mom, like the vast majority of winners, never moved in. Here's why. The 29-year-old mom tells PEOPLE she entered the contest twice a day every day in 2018, and would bug her husband to get his two entries in each day as well. Still, Muniz, who lives in Nashville and works as ...
Who designed Emily Muniz's home?
Emily Muniz and Designer Brian Patrick Flynn. | Credit: Courtesy Emily Muniz. "It's not that the homes are just beautiful and in great locations, but it's the design and craftsmanship that goes into each one that's impressive," Muniz says.
How much is the dream home?
The Dream Home grand prize—typically $250,000 in cash, a car, and sometimes a boat, in addition to the home itself, usually valued at $1 million or more—comes with a federal income-tax bill of about $700,000, according to an analysis by Vocativ, plus state income and real-estate taxes that vary by location. The cash alternative, on the other hand, ...
How many people have won Dream Homes?
Of the 21 people who’ve won Dream Homes over the years, only six, or about 28 percent, actually lived in their home for more than a year. The vast majority either took the cash alternative or sold the house back to the developer within a year of winning.
Where is Stacy Bolder?
The fourth, Smart Home winner Stacy Bolder, a teacher from Tomahawk, Wisconsin, was excited about the prospect of moving to Scottsdale, Arizona, not far from her sister and brother-in-law in Glendale, but hit a snag when she landed a coveted associate principal job at her local high school just two weeks after winning.
Where did Don Cruz move to?
Don Cruz moved his wife and son from Illinois to Tyler, Texas, after winning the 2005 Dream Home. Their plans to turn the estate into a bed-and-breakfast were thwarted by zoning restrictions, and they had to borrow money against the house to help pay for cancer treatment for Don’s father.
Where did Tina Carlson live?
Tina Carlson of Thousand Oaks, California, the 1998 winner, kept her low-country charmer in Beaufort, South Carolina, for seven years, the longest time of any recepient. She took out a mortgage on the home to pay the taxes and used it as a vacation and rental property before selling it in 2005.
Where is the first dream home on HGTV?
Feb 16, 2018. In 1997, HGTV’s very first Dream Home, a charming log house crafted of Nordic pine and overlooking the Grand Tetons in Jackson Hole, Wyoming, launched a series of fantasy abodes, each just a little more impressive than the last. The network has debuted a new Dream Home every year since, ...
Does Scripps want to be in real estate?
“Scripps did not want to be in real estate business,” he says.
How much was the Fulkerson prize package?
The estimated federal income tax bill on the $2.3 million prize package that Fulkerson won would be about $789,140, according to Mark Luscombe, principal analyst at Wolters Kluwer Tax & Accounting. VIDEO.
How much is the Fulkerson haul worth?
If Fulkerson does choose the cash option from the contest, then her haul would be valued at just more than $1 million, including $750,000 in cash, along with the $250,000 from Rocket Mortgage and the Honda SUV.
Will Fulkerson keep her Montana home?
Fulkerson has not publicly commented on whether or not she will ultimately keep the Montana home, and an HGTV spokesperson told CNBC Make It that Fulkerson has requested not to participate in media interviews.
Where is the Fulkerson house?
Fulkerson’s name was picked out of almost 135 million entries to land the 3,650-square-foot house located in a Rocky Mountain resort town that features skiing and a lake near Glacier National Park.
Do winners of the lottery take out mortgages?
Since then, some winners have opted for the cash option while others have visited their prize home a few times before selling it to cover their tax bills, according to Country Living, which also notes that some winners have even taken out mortgages to cover their tax bills and rented out their prize homes.
Sweepstakes
We're giving away awesome prizes all of the time. Enter for your chance to win trips, cash, and stunning vacation homes!
Our Lucky Winners
Air Wick Scents of the Season Sweepstakes Grand Prize Winner: Misty J. - Bemidji, MN Weekly Prize Winners: Kim L. - Red Wing, MN Mary G. - Cranbury, NJ Anita V. - Des Moines, IA Mark S. - Tuscaloosa, AL Jo B. - Gaithersburg, MD Holly U. - Big Lake, MN Julie L. - Houston, TX
8 Examples of People Just Like You Who Won Major Prizes
Sandra Grauschopf has been working in the contests industry since 2002. She is a passionate sweeper, with tens of thousands of dollars worth of prize wins to her name, and she has been sharing advice about how to be a winner for over a decade.
Don Cruz Won the 2005 HGTV Dream Home
Cruz family during Money Magazine photo shoot at the 2005 HGTV Dream Home. Image © Don Cruz, used with permission.
Natalie Bostelman, Publishers Clearing House Millionaire
Publisher's Clearing House awards a million-dollar prize on February 25, 2010. Pictured: Dave Sayer, Marilyn Ragin, Natalie Bostelman and Danielle Bertellotti. Image © Publishers Clearing House, used with permission.
McDonald's Monopoly Winner Michele B.'s Story
Michele B. $100,000 McDonald's Monopoly Winner 2008. Image © McDonald's, Used with Permission
Charl Won an Unforgettable Egyptian Vacation
Charl and her husband enjoy a trip to Egypt that they won from Dr. Pepper and Expedia. Image © Charl and her husband, used with permission
Carol Earheart Shares her Amazing Vacation Prize Win - A Trip to Texas
Carol Earheart didn't think very much of vacation sweepstakes... until she won an amazing trip for two to San Antonio, Texas. She and a girlfriend dined in style at Ruth Chris Steakhouse, strolled the Riverwalk, and enjoyed a day at the spa.
Suzy Tells Us About Winning Tickets to a Pajama Party with Madonna
Suzy won a once-in-a-lifetime chance to attend a private party with pop star Madonna as well as other celebrities like Sarah Michelle Gellar of Buffy the Vampire Slayer fame and Baywatch Babe Nicole Eggert. All she did to win was call her local radio station when they announced a contest. Here's her story:
The “Reality” of Reality Home Television
What’s The Problem with Dream Homes, Anyway?
- Taxes, mostly. Since the winnings are considered income, Uncle Sam wants his cut. And often, so does the state in which the property is located, as do other local jurisdictions which may have taxing authority. If you’re lucky enough to win an HGTV Dream Home, you’ll be responsible for federal income taxes on the value of the property or improvements, plus state income tax, depen…
A Snapshot of Past Winners
- The 2007 winner actually ended up declaring bankruptcy, in part because he couldn’t afford the $2.5 million Texas mansion he won, though not for lack of effort. He listed the place for $5.5 million, but after it went into foreclosure it sold for $1.43 million – $1 million less than the local real estate community said it was worth. The 2008 winner would have had to pay sales tax of ro…